Hindustan Foods FY26: Record Profit, Heavy Capex, FY27 PAT Guidance Reiterated

FY26 total revenue was 4,264.7 crore, EBITDA was 377.0 crore, and reported PAT was 149.0 crore as per the consolidated profit and loss statement in the presentation.

Q4 FY26 revenue was 1,120.9 crore, EBITDA was 104.1 crore, PBT before exceptional items was 58.2 crore, and reported PAT was 41.5 crore.

Management reiterated FY27 PAT guidance of 200 crore to 220 crore in both the presentation and the concall.

Management attributed weaker cash flows to higher working capital deployment driven by GST rate changes under an inverted duty structure effective September 2025 and proactive inventory build-up amid geopolitical uncertainty.

Management said some food businesses may transition from gross to net revenue recognition by Q3 FY27 due to inverted GST duty structure; it is stated to be an accounting reclassification with no impact on absolute EBITDA or PAT but it will reduce reported revenue for those businesses.

The presentation shows shared manufacturing contribution increased from 21 percent to 26 percent of revenue and from 13 percent to 26 percent of EBITDA from FY25 to FY26. Management expects higher contribution from shared manufacturing in FY27.